EFCC recovers $9.8 million from former NNPC MD, Yakubu

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*Yakubu

A special operation conducted by operatives of the Economic and Financial Crimes Commission (EFCC) on February 3 on a building belonging to a former group managing director of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, in Kaduna, yielded the recovery of $9,772,800 and another sum of £74,000 cash.

The huge cash was hidden in a fire proof safe.

The spokesperson for the EFCC, Mr. Wilson Uwujaren, said in a statement that the surprise raid of the facility was sequel to an intelligence which the commission received about suspected proceeds of crime believed to be hidden in the slums of Sabon Tasha area of Kaduna.

On arrival at the facility, the caretaker of the house, one Bitrus Yakubu, a younger brother to Andrew, disclosed that both the house and the safe where the money was found belong to Andrew.

*The hidden dollars

When the safe was opened it was discovered that it contained the sum of $9,772,800 and another sum of £74,000.

On February 8, 2017, Mr. Yakubu reported to the Commission’s Zonal office in Kano and made statement wherein he admitted ownership of the recovered money, claiming it was gift from unnamed persons.

Uwujaren said the former managing director is currently assisting the investigation

SOURCE: PREMIUM TIMES

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